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20250520 LA County Vernon City Council Item 14. Water Rights Lease Agreements with Liberty Utilities Corporation, the City of Compton and South Montebello Irrigation District Recommendation: A. Approve and authorize the City Administrator to execute a Water Rights License and Agreement with Liberty Utilities Corporation, in substantially the same form as submitted, for a lease of 2,000 acre-feet of the City’s Allowed Pumping Allocation for Fiscal Year 2024-25 and 1,000 acre-feet per year of the City’s Allowed Pumping Allocation for Fiscal Years 2025- 26 and 2026-27, for a total revenue amount of $460,000; B. Approve and authorize the City Administrator to execute a Water Rights License and Agreement with the City of Compton, in substantially the same form as submitted, for a lease of 1,500 acre-feet per year of the City’s Allowed Pumping Allocation for Fiscal Year 2025-26, Fiscal Year 2026-27, and Fiscal Year 2027-28, for a total revenue amount of $720,000; and C. Approve and authorize the City Administrator to execute a Water Rights License and Agreement with South Montebello Irrigation District, in substantially the same form as submitted, for a lease of 500 acre-feet per year of the City’s Allowed Pumping Allocation for Fiscal Year 2026-27 and Fiscal Year 2027-28, for a total revenue amount of $130,000. May 20, 2025 LA County Vernon City Council Item #14